The designation of "Customer of Choice" with your most key supplier relationships can lead to intangible business benefits. Negotiation of further reductions on pricing only goes so far. The ability to foster committed and mutually beneficial relationships with suppliers often leads to extraction of added value at no additional cost.
Moving key supplier relationships from transactional to a true strategic partnership should be the goal.
Typical business challenges to address through more effective Supplier Management include:
The Creovia Group can support your Supplier Management efforts through: